Solved

Which of the Following Is an Example of a Normative

Question 124

Multiple Choice
Which of the following is an example of a normative statement A)If the price of a product decreases, quantity demanded increases. B)Reducing speed limits to 40km/hr would reduce accidents involving pedestrians. C)Students who take public transit to school are more concerned about the environment. D)An increase in minimum wages will increase unemployment.

Which of the following is an example of a normative statement


A) If the price of a product decreases, quantity demanded increases.
B) Reducing speed limits to 40km/hr would reduce accidents involving pedestrians.
C) Students who take public transit to school are more concerned about the environment.
D) An increase in minimum wages will increase unemployment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q107: How can the production possibilities frontiers shift

Q115: Figure 2-7 Figure 2-7 </p></div><svg width=

Q121: What type of statement is "When the

Q122: What would a macroeconomist NOT study
A)the impact

Q123: Which of the following is an example

Q126: Figure 2-8
Figure 2-8 </p></div><svg width=

Q130: What does microeconomics study?
A) the behaviour of

Q135: What are the roles of economists when

Q137: Figure 2-8 Figure 2-8 </p></div><svg width=

Q139: How do economists view normative statements?
A) descriptive,

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents